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Re: pennypinscher post# 3935

Thursday, 03/30/2006 4:34:11 PM

Thursday, March 30, 2006 4:34:11 PM

Post# of 115222
PP per Mr. Parkin, $280.00 per ounce production costs on gold. Silver is probably almost a throwin and close to pure profit. In the past three days the value of our gold has gone up almost $30 million. Current Spot price $580+, our sales price around $530, cost of production $280 and net around $250 per ounce. For silver $11 per ounce times 35 million.

One of the nice things about having a mine versus holding gold is the net can rise much quicker. $30/$580+ versus $30/$250. We are up in value over 10% just this week while gold is up about 5%.

One other item, the cost of labor/mining is very stable compared to the upside value of our minerals. Labor will go up but gold and especially silver will be off the charts.

If AURC is in discussions with suitors, they could be very interesting this week.

AIMHO
Airdale








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